Smart Real Estate Investment Trust (SmartREIT), Mitchell Goldhar and CentreCourt Developments have released details of a planning application for the development of Transit City, the first residential condominium tower within the 100-acre SmartCentres Place, Ontario’s largest urban development. The 55-storey tower, to be located near the TTC’s new Vaughan Metropolitan Centre (VMC) subway station, will be the tallest tower in York Region.
Transit City’s lobby will feature a BUCA-branded restaurant and BAR BUCA operated by the King Street Food Company, while residents of the development will have access to a state-of-the-art, 100,000 square foot YMCA adjacent to the tower.
“We are very excited about the upcoming sales launch of Transit City,” said CentreCourt’s chief executive officer, Andrew Hoffman, in a press release. “We are thrilled to be partnering with Mitchell Goldhar and SmartREIT on the first residential phase of one of the largest development projects in Canada. On a prime site right next to the new subway station, Transit City’s location will be unparalleled.”
Transit City will include 17 million square feet of residential, office and retail space upon completion, as well as a nine-acre park. The development will be designed by Diamond Schmitt Architects Inc., with interiors designed by the award-winning Figure3 and landscape design by Claude Cormier & Associes.
“The VMC is where you can see policy, politics and business in complete sync. For SmartREIT and myself, Transit City is the inaugural residential development that we expect will be the first of many at SmartCentres Place and elsewhere across Canada,” said Mitchell Goldhar, Chairman of the Board of SmartREIT.
Transit City is currently under consideration for approvals by the City of Vaughan. The development team anticipates a sales launch will take place later this spring.